Digital transformation

The history of manufacturing from Generation 0 to 3 According to the research “The Future Factory: Mapping the Skills That Will Power Manufacturing”, the workforce analysis describes the impacts of the digital transformation on the manufacturing sector and highlights the roles of innovation culture and other leadership skills to the business transformation’s success. Digital transformation with breakthroughs in advanced technology is taking place in every sector globally, including manufacturing. As the vanguard of digital transformation, the industry’s transition to full digitisation is already well underway and accelerating daily. In tandem with that process, new roles appear with advanced digital skills demanded while others become obsolete. Since the early days of its history, manufacturing has undergone and evolved through four technical generations – Generations Zero to Three. Each generation is aligned to different eras of manufacturing tools, technologies, and work. … [Read more...] about Digital transformation to radically transform manufacturing in the future

Algo-trading has become popular in areas such as foreign exchange. Photo: Shutterstock While trading robots now account for a significant portion of the market, algorithms and digital technology have improved trading for all. Algorithmic trading, or algo-trading for short, is automated trading following a set of instructions to open and close trading positions on behalf of the investor. Instructions can be simple, such as buying and selling at pre-set price levels, or can be a lot more complex based on moving averages and other technical data. Some trading robots have even been programmed to monitor economic events and evaluate their potential impact on the market. Trading robots are overwhelmingly popular in the larger bourses, with 70-80 per cent of trading volume in the US and other developed stock markets now completed through trading programmes. One of the greatest advantages of algorithmic trading is its sheer speed: decisions can be arrived at within the blink of an eye … [Read more...] about Tech advances in algorithmic trading

Can Van Luc, chief economist with state-owned lender BIDV, said at an economic forum Monday that severe impacts of the Covid-19 pandemic and ensuing social distancing campaign were main contributors to the Q3 fall in HCMC. If the prediction comes true, it would be the first time since 2000 that Vietnam records a negative GDP growth in a quarter. Revenue from services could fall over 10 percent in the third quarter, while some industries like footwear and beverage recorded a negative growth of 28 percent and 23 percent respectively in August. "A possible negative growth in the third quarter shows that this is the most challenging time for the economy, as social distancing measures in 25 localities, including Hanoi and Ho Chi Minh City have directly impacted manufacturing and services," Luc said. Other experts at the forum expressed similar concerns about the economy. Vu Thanh Tu Anh, dean of the Fulbright School of Public Policy and Management, said that GDP growth will be … [Read more...] about GDP to bounce back after Q3 fall

Sustainability is central to Bayer’s group strategy and an integral part of them company’s business strategies. The company’s innovations, products and services enable it to contribute significantly towards meeting the Sustainable Development Goals set by the United Nations. Both innovation and sustainability are crucial to achieving Bayer’s vision: “Health for all, hunger for none”. Since the COVID-19 outbreaks emerged, Bayer has accelerated this vision more and more. Although the goal will not be achieved overnight, it sets the foundation for Bayer’s future and serves as the mark by which it can measure all activity across the company. In particular, with scientific expertise and innovative strength, Bayer is convinced that it can make a significant contribution to address the global challenges of food security and health. Variety of efforts As Vietnam deals with the pandemic, Bayer has been working hard to bring the vision to bear in the country. Vietnam, like … [Read more...] about Bayer promoting sustainable Vietnam healthcare and agriculture

Dai-ichi Life Group sailing through the fog of uncertainty Dai-ichi Life Group has reported stellar performance thanks to successful crisis response efforts. As of March 31, the group reported a total premium income of around $43 billion, with investment income reaching nearly $24.65 billion. Thanks to cost-effective operations and concerted strategic business plan, Dai-ichi Life Insurance Co., Ltd.’s ordinary profit was recorded at nearly $5 billion while net income per share was around $3, 11 times higher than that of last year. The group owns total assets of more than $578 billion. This year also marks an important tour de force for the Japanese group, when TAL Dai-ichi Life Australia Pty., Ltd. acquired Westpac’s life insurance business in Australia for a cash consideration of around $660 million plus adjusted net worth on completion. Westpac is Australia’s first bank and oldest company, and Dai-ichi Life was delighted to be partnering with one of Australia’s largest and … [Read more...] about Dai-ichi Life Group sailing through the fog of uncertainty

YouTubers can make money if they have one million or more followers. Can theatres and art troupes do this? Minister of Culture, Sports and Tourism Nguyen Van Hung This was the question raised by Minister of Culture, Sports and Tourism Nguyen Van Hung at a forum on "The impact of the Covid-19 pandemic and the drastic actions by the culture, sports and tourism sector". Le Minh Tuan, Deputy Head of the Department of Performing Arts, said the pandemic has become so serious that it has gone beyond a traditional crisis. It has posed challenges to the performing arts. However, the agency has changed the way of thinking and approach in performing art works. It has encouraged art troupes across the country to arrange and perform art programs with attractive content, eye-catching design and reasonable duration on technological platforms, such as YouTube and other social networks to attract a large audience. The head of the Ministry of Culture, Sports and Tourism (MCST) recognized … [Read more...] about Can Vietnamese theatres make money online?